5 Beds 3 Bath

302 Egerton Street, London East, ON N5Z 2G7

London East N5Z 2G7 Ontario

MLS: X12173146

$499,000

Added 7 days ago | For Sale

Listed by: CENTURY 21 FIRST CANADIAN CORP

About Property

Fantastic investment opportunity in the heart of London - All brick Duplex is currently being used as a Triplex - Annual income of $60,000 delivering a 10.8% CAP RATE! The upper unit features 3 bedrooms and 1 bath, rented at $1,800/month plus hydro. The main floor 2- bedroom, 1-bath unit was rented for $1,650/month inclusive and is now VACANT a perfect opportunity for an owner-occupier or to place new tenants at market rent. The lower level offers a well-kept 2-bedroom, 1-bath unit currently rented at$1,550/month inclusive. A great choice for first-time investors or those looking to expand their portfolio, don't miss out! Each unit has its own private entrance and in-suite laundry, plus there are two hydro meters, ample rear parking, and a tankless water heater for added energy efficiency. Please note: listing photos were taken when units were vacant.

Features

  • House Style:Duplex
  • Bathrooms:3
  • Land Size: 33 X 100
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Trafalgar
  • Basement:Apartment,Full , Apartment,Full
  • Possession Date:
  • Annual Property taxes: $2045
  • Bedrooms:5 +2
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12173146

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